Street signs: Was Aditya Ghosh's exit from IndiGo expected? Stock falls 6%

Market players say there was some anticipation of change in management

Was Aditya Ghosh’s exit expected?
 

On Friday evening, Interglobe Enterprises, the company that runs IndiGo, informed the stock exchanges that the company’s president Aditya Ghosh was quitting the firm. However, the company’s stock price had reacted to the possibility of this news earlier. On a day, when the Bombay Stock Exchange Sensitive Index, or Sensex, rose 250 points to close just short of 35,000 points, Interglobe shares fell 6.31 per cent. In the past month, the stock had risen by 16 per cent to Rs 1,498 – before taking the knock on Friday to close at Rs1,404 . Market players